The top after-market NASDAQ Stock Market gainers are: G-III Apparel Group, Central European Distribution, JetBlue Airways, Broadcom, and Seagate Technology. The top after-market NASDAQ Stock Market losers are: Clearwire, GTX, American Public Education, Western Liberty Bancorp and China Medical Technologies.
G-III Apparel Group, Ltd. (GIII) stock jumped 21.51 percent to $24.74 in the after-market trading. Profit for the third quarter was $43.6 million or $2.16 per share, compared to $42.7 million or $2.16 per share last year. Sales grew to $510 million from $450 million. Analysts had expected profit of $2.14 per share on revenue of $497.49 million. Looking ahead into the fiscal 2012, the company lowered its earnings guidance to the range of $2.50 to $2.60 per share from previous forecast of $3.05 to $3.15 per share. The company still expects 2012 sales of about $1.25 billion. Street analysts predict profit of $2.80 per share on revenue of $1.24 billion for the fiscal 2012.
Separately, G-III Apparel said it has entered into a retail store agreement with Calvin Klein Inc., a subsidiary of PVH Corp. (PVH), to open Calvin Klein Performance stores and shop in shops for the sale of women's Calvin Klein Performance apparel in the United States and China. G-III also has rights to expand to additional countries throughout the world. Terms of the deal were not disclosed.
Central European Distribution Corp. (CEDC) stock climbed 10.57 percent to $5.65 in the after-market trading. The shares closed Wednesday's regular trading up 1.39 percent at $5.11.
JetBlue Airways Corp. (JBLU) stock grew 6.61 percent to $5 in the after-market trading. The company said it intends to further expand its growing Boston network with the addition of non-stop service to Dallas/Fort Worth, Texas (DFW) beginning May 1, 2012 . Big D will be the airline's 71st destination and the largest metropolitan area in America not yet enjoying JetBlue's brand of low fares and great service. The largest carrier in Boston will fly three times daily to Dallas/Fort Worth with year round service. Tickets will go on sale on Dec. 13.
Broadcom Corp. (BRCM) stock gained 3.74 percent to $30.82 in the after-market trading. The company announced the world's broadest automotive Ethernet portfolio, engineered to meet the rigorous qualifications and demands of the automotive semiconductor market. Broadcom's BroadR-Reach automotive portfolio delivers high-performance bandwidth of 100Mbps and beyond while dramatically reducing connectivity costs up to 80 percent and cabling weight as much as 30 percent.
Seagate Technology PLC (STX) stock increased 2.88 percent to $16.7908 in the after-market trading. The shares regained after it closed Wednesday's regular trading down 0.49 percent at $16.32.
Clearwire Corp. (CLWR) stock fell 7.76 percent to $2.26 in the after-market trading. The company said its previously announced public offering of its Class A Common Stock has been upsized from $300.0 million to $350.0 million. Clearwire priced its 175 million shares of the public offering at $2.00 per share. Clearwire has also granted the underwriters a 30-day option to purchase up to an additional $52.5 million, or 26.25 million shares, of its Class A Common Stock. The offering is expected to close on Dec. 13.
In addition, Sprint Nextel Corp. (S) agreed to exercise its pro rata preemptive rights with respect to the offering in the Commitment Agreement between Clearwire and Sprint, dated Nov. 30. Upon such exercise, Sprint will purchase, in a separate, private transaction, about 172 million additional shares of Clearwire's Class B Common Stock and a corresponding number of Class B Common Interests in Clearwire's subsidiary, Clearwire Communications, LLC. Clearwire said it intends to use the net proceeds for general corporate and working capital purposes, including the deployment of mobile 4G LTE technology alongside the mobile 4G WiMAX technology currently on its network and for the operation and maintenance of its networks and to pay fees and expenses associated with this offering.
GTX Inc. (GTXI) stock slid 7.48 percent to $2.72 in the after-market trading. The shares closed Wednesday's regular trading up 2.08 percent at $2.94.
American Public Education, Inc. (APEI) stock declined 4.60 percent to $36.51 in the after-market trading. The shares closed up 0.05 percent at $38.27 on Wednesday.
Western Liberty Bancorp (WLBC) stock decreased 4.21 percent to $2.50 in the after-market trading. The company filed Form 8-K for its press release that said its board of directors has authorized management to repurchase up to 7 percent of about 14.3 million outstanding shares.
China Medical Technologies Inc. (CMED) stock declined 3.99 percent to $3.13 in the after-market trading. The shares closed Wednesday's regular trading up 28.02 percent at $3.29.